08-02-2021, 02:45 PM
(08-02-2021, 02:17 PM)dodge link Wrote:Three things that I can't stand about Howard. First two are about looking after those who can already look after themselves.You need to means test franking credits and cap them for anyone earning over 80-100k.
1) Legacy of 50% discount for capital gains. This kicked off housing unaffordability (aing with some other housing policies).
2) Full refund of franking credits. It's wrong makes no sense and is costing a lot now.
3) Tampa. Disgusting. Set the tone for Abbott, Dutton and others. Horrible legacy.
The good thing he did was gun laws.
If you scrap them completely then you will have a lot of self funded retirees qualifying for the pension, dropping their private health insurance and getting health care cards etc.
You want to deny the Twiggy Forests etc who earn millions in dividends but not punish the little bloke who earns 40k and uses those franking credits for his health insurance etc and who will become a burden on the pension and health care system.